Li Shufu: Battery Swap Sector Must Coordinate to Avoid Duplication and Wasteful Investment

Edited by Aya From Gasgoo

Gasgoo Munich- Oct. 21 that at the 2026 World Intelligent Connected Vehicle Conference, Geely Holding Chairman Li Shufu noted that many speakers shared similar sentiments. To save time, he focused his remarks on Geely's battery-swap partnership with NIO.

Li highlighted the comprehensive strategic partnership signed with NIO in September, which aims to open up battery-swap networks, unify standards, and coordinate resources—giving drivers more options. In his view, separate systems would lead to redundant infrastructure, an investment the industry can ill afford.

image.png

Image source: 2026 World Intelligent Connected Vehicle Conference

That collaborative logic extends to vehicle manufacturing. As Geely expands its global footprint, it prioritizes partnerships to revitalize existing capacity rather than breaking ground on new factories. Building production lines from scratch carries heavy asset costs and risks; rolling development based on existing capacity is a safer bet.

Li further argued that the intelligent technology sector should also advocate for industry collaboration to cut redundant spending and support sustainable, high-level development. He believes that small, weak players will eventually fade, and only a "large and strong" combined force can effectively lead the industry forward.

He called on industry players to strengthen open cooperation, applying this collaborative approach to charging, capacity, and smart technology to build a mutually beneficial ecosystem.

Gasgoo not only offers timely news and profound insight about China auto industry, but also help with business connection and expansion for suppliers and purchasers via multiple channels and methods. Buyer service: buyer-support@gasgoo.com Seller Service: seller-support@gasgoo.com

All Rights Reserved. Do not reproduce, copy and use the editorial content without permission. Contact us: autonews@gasgoo.com

Related Documents(2)

Rankings of smart cockpit component suppliers in China (Jan.-Jun. 2026).zip
Rankings of ADAS component suppliers in China (Jan. - Jun. 2026).zip